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I'm underwater in my investment in Gencor as well. For that matter, I'm underwater in all my investments now.If you look at Gencor's income statement, you see that there is a line for inc/dec in value of marketable securities. So, mark-to-market adjustments are made each quarter.My guess on why they haven't done a deal is they probably can't get financing, even though they have a chunk of cash to put down.
I find it that they have not done a deal as a plus!!!!!!!!!Look at the TEX and ASTE...dealmakers